Luther F Carson Four Rivers Center Inc

Analysis

Luther F Carson Four Rivers Center Inc is a registered charity in United States, based in Paducah, KY. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Luther F Carson Four Rivers Center Inc reported income of $5.9m and spending of $6.2m, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.6m to $5.9m (+62%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Luther F Carson Four Rivers Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within KY. Charities of a similar size with the same main cause include San Jose Museum of Art Association ($5.9m), Musical Theatre West ($5.9m) and Norman Rockwell Museum at Stockbridge Inc ($5.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $275k (4.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $64.8m against liabilities of $963k, net assets of $63.8m. It reported 220 employees.